Your Future. Our Passion. Business Mentors to Struggling Companies!

As business owners struggle with the myriad of issues brought about by COVID-19, Platinum Group has specialized business advice services and contacts to guide strategic changes, cash crises, bank relationships, employee payroll/benefits issues, crisis communication and more.

Platinum has been involved in business crisis management for the last four decades and understands the stress and uncertainty of many business owners. Our business turnaround specialists have first-hand leadership experience in how to help struggling companies. We can help you overcome your hesitation and make the important decisions now. Act fast to protect the value of your business.

For a no-obligation consultation about the impact of COVID-19 on your company, contact us at 952-829-5700.

Your Future. Our Passion. Thriving Businesses... into the Next Generation!

Platinum Group offers a confidential place for small, mid-sized and family business owners to share their dreams, challenges and struggles. We understand the stress and uncertainty of many business owners, which make it difficult to move while hesitant.

First, we listen; then we thoughtfully and strategically respond. Together, we focus on the outcomes that will move your company forward – to thrive into the next generation – based on desired goals. In the process, our business owner clients see where they want to go more clearly, gain more confidence and get a better night’s sleep. Our Core Values and Mission (Meaningful Capitalism™) guide business owner relationships to ensure we do the right thing – always.

Take quick action during the COVID-19 crisis.

Invite Platinum Group to help assess and apply options to restore hope for the company’s future.

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

Featured Case Study

Business Transition Lessons from Other Owners, Family Meetings and Team of Experts

How Platinum facilitated a family communication process to create a succession plan.

“When are you going to retire?” was a frequent question asked at the 30-year anniversary of an early childhood education business where the founder/owner received thanks from past clients whose children had benefitted from attending. Three children in the founder’s family had been involved in the early growth stages, but were not working in the business... MORE

Straight from the CEO interviews, learn how to deal with the most pressing business and economic issues of the day.

Featured Case Study

Creative Solutions to Overcome Ownership Transition Constraints

How Platinum Group created advantageous loan structure for buyer and seller

Situation: The owner of a Midwest distributor in the residential and commercial construction market had doubled revenue and significantly increased profits in 10 years. He wanted to sell the company and eventually retire with a strong return on investment. Yet he faced daunting ownership transition constraints due to his agreement with his exclusive manufacturer... MORE

Platinum in the News

Platinum Group Names Four New Partners

Minnetonka, Minn. — July 9, 2020 — Platinum Group, a consulting firm that provides advisory services for business owners, private equity funds, family offices and entrepreneurs, announces that four of its consultants have been named Partner: Bill English, M.A., LP, CPBPM helps clients with conflict resolution, leadership development and executive coaching. With C-level leadership in several businesses, English combines his entrepreneurial experience with his extensive […]

Business Trends and Tools

Survey Findings Indicate How Business Owners and CEOs Are Addressing COVID-19 Recession

Nearly 60 percent of business owners and leaders who responded to a June Minnesota Business Pulse survey said they expected no changes in employment levels by June 30, while 21 percent said they were hiring and 21 percent were reducing headcount. About half of these leaders say they expect overall business conditions to improve during the third quarter ending Sept. 30, while 38 percent anticipate […]

Published by Platinum

Strategies for Getting Back to Business: Effective Leaders Learn How to Pivot Daily

By Randy Kroll, Partner Leadership is critical during this COVID-19 inflection point. Decisions must be made quickly. Communications must happen in rapid pace. Information must be filtered hourly. Here are three critical actions that Platinum Group suggests to help guide business and organizational leaders in these times: Be Strategic — We know from past experiences that inflection points in life and business create stress, but […]

Platinum Event

Father and Son Update Family Business Succession Success on July 14

A family business succession update by two generations of business owners — a father to son third-generation story — will be the topic for Platinum’s next Business Owner Transition Forum on Tuesday, July 14 via Zoom, from 7:30 a.m. to 9:00 a.m. In 2011, a family business was moving down a path of ownership change from the second to third generation, but there were significant […]

Platinum in the News  

  • Minnetonka, Minn. — July 9, 2020 — Platinum Group, a consulting firm that provides advisory services for business owners, private equity funds, family offices and entrepreneurs, announces that four of its consultants have been named Partner: Bill English, M.A., LP, CPBPM helps clients with conflict resolution, leadership development and executive coaching. With C-level leadership in several businesses, English combines his entrepreneurial experience with his extensive background in family conflict as MORE

Platinum in the Community    

  • A Donation to Banyan Community Many of you and your families give of your time, talents and treasures throughout the year to worthy nonprofit organizations that make a difference in our community. To honor this commitment, Platinum Group is making a donation this holiday to Banyan Community on behalf of its clients, trusted advisors and friends. Platinum’s Tom Hubler is chairman of the board of directors for Banyan Community. This MORE

Published by Platinum  

  • By Randy Kroll, Partner Leadership is critical during this COVID-19 inflection point. Decisions must be made quickly. Communications must happen in rapid pace. Information must be filtered hourly. Here are three critical actions that Platinum Group suggests to help guide business and organizational leaders in these times: Be Strategic — We know from past experiences that inflection points in life and business create stress, but also present new opportunities. Think MORE

Platinum Event  

  • A family business succession update by two generations of business owners — a father to son third-generation story — will be the topic for Platinum’s next Business Owner Transition Forum on Tuesday, July 14 via Zoom, from 7:30 a.m. to 9:00 a.m. In 2011, a family business was moving down a path of ownership change from the second to third generation, but there were significant generational differences in expected valuation MORE

Featured Case Study

Transition Case Study

Communication is the Foundation for Successful Transition

A family owned services business had grown from one site and local clients to more than a dozen locations and hundreds of employees. The founder’s vision had been strong and effective in drawing skilled managers and service professionals into the business. Over more than a quarter century, the business flourished. After the founder died, a son and niece became co-owners of the company. Their balanced partnership of outreach and sound management led to growth in size, reputation, number of employees, client acquisition, and revenues. The legacy of service and hard work produced significant value in the company. Yet, as outside interests began to take a larger share of energy for one of the co-owners, tensions grew. Concerned about the possibility of intra-family litigation, an advisor to the owners suggested that Platinum Group might be able to help find options to move ahead.

Read how Platinum guided a successful succession through family communications.

Business Advice

Top-line growth, improved cash flow and greater operating efficiencies are common objectives of business owners seeking to move forward. What’s your next growth milestone to enhance your business value?

MORE

Family Business

Three questions often occur simultaneously or in rapid succession due to the unique nature and specific needs of every family owned business. Expectations, hopes and dreams can frequently clash among even the most loving family members, especially between the generations.

MORE

Business Transition

There's a common question asked at our monthly Owner Transition Forum since 2008. After all, the future of your company is at stake. What’s next for you is equally important. Without a vision, there is no satisfying future.

MORE

Business Turnaround

Even a well-established business with a history of profits can encounter bumps in the road or need to fight fires. Taking quick action when challenging indicators pop up can be a stimulus for healthy changes and improved performance for both short-term and long-term success.

MORE

Explore Best Practices for Your Business at November 14 Event

Business leaders often talk about “best practices” — but it’s rare that they sit down and really explore how to make better business decisions that could propel their business forward. That’s why Platinum Group is offering a half-day Best Practices Conference, along with sponsor partners Fredrikson & Byron, P.A. and ACG Minnesota. The idea is to inform by example to deliver three outcomes: clarity where there is confusion, direction where there is indecision and confidence where there is doubt.

November 14, 2018
7:30 AM – 1:00 PM

Fredrikson & Byron
200 South Sixth Street, Suite 4000
Minneapolis, MN

Speakers include:

  • Deluxe Corp. CEO Lee Schram on how he transformed a hurting business into an industry leader;
  • Steinwall Inc. owner Maureen Steinwall on knowledge capture and sharing in a manufacturing environment;
  • Minneapolis Federal Reserve's RonWirtz on the state of our local economy;
  • Real Avid owners Howard and Julie Tripp on how they’ve successfully grown a business and remained happily married for the last 30 years;
  • Platinum Group’s Bill English on Platinum’s Top 10 best practices for business owners and leaders; and
  • Communications strategist DaleKurschner on gaining media coverage you want, and managing the type you don’t.

Tickets are going fast and you can register by clicking here.

HOPE TO SEE YOU THERE!

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